Comet Ridge intersects coal seams via Mira 4 well in Queensland's Bowen basin
ADELAIDE -- U.S. indedepdent Comet Ridge Resources has announced that the coals, which intersected Mira 4 well, at its ATP 337P Mahalo asset in Queensland’s Bowen basin, are consistent with the earlier well drilled at the Mira field. The well intersected 8.7 m of coal over four separate, closely spaced intervals in the Castor Pollux reservoir.
The drilling rig is currently moving 500 m to the east to the Mira 5 well location and is expected to spud that well shortly. Mira 5 is the third pilot well to be drilled in the Mira field.
Equity participants in ATP 337P Mahalo are Comet Ridge Mahalo 35%, Stanwell Co 5%, Australia Pacific LNG 30% and Santos QNT 30%.
01/09/2013